🚨Yield App, the Seychelles-based crypto platform, has hit the pause button on all operations. They blame third-party hedge fund managers for significant portfolio losses on the now-defunct FTX exchange. 📉

CEO Tim Frost is on the warpath, pursuing litigation against these hedge funds. After 18 months of recovery actions, the decision to shutter the platform has been made. 😮

But wait, there's more! 🍿 Yield App's transparency is now under the microscope. Despite Frost's reassurances that the firm had "no significant exposure to FTX", an anonymous source finds the whole thing fishy. 🐠

Frost insists that Yield App's exposure to FTX was indirect and only became apparent later. Meanwhile, the FTX saga continues with multiple asset sales and settlements. 🎢

What's your take on this rollercoaster ride? Share your thoughts below! 👇 #DeFi #Web3 #CryptoNews